Interesting analysis of the backend code created by Wang by request from SBF to allow Alameda to trade with FTX customer funds.
How many fiat banks do you think have been doing this for generations without code?
Also, ironic that FTX have turned a profit, primarily due to their investment in Anthropic, meaning the administrators are able to pay off most, if not all of the creditors.
My estimate is that 100% of them have been doing it since "modern" banking first appeared in medieval Europe.
But --- Since banks can now do whatever the fuck without even holding any reserves at all, we're finally safe for sure!
Agreed, also banks are doing it legally 😂
Legal and illegal are just opinions coded in written language.
If only FTX had registered as a bank. 🙄
Check out Xapo Bank.
Also, fun fact, I'm a customer 😂
1,000 USD annual fee ftw?
Only for you newbies 😂
Also for existing customers
Nope
Why?
I’m special 
You ARE special. The new elite.
So, this fee applies for new customers that sign up after date X or to all customers?
*new customers
